Seller's Agent in 2023
Ross Gagnon
Coldwell Banker Realty
(714) 724-9912
2 in this area
38 Total Sales
256 Prospect Ave Long Beach, CA 90803
Belmont Heights NeighborhoodEstimated Value: $1,272,000 - $1,629,302
2
Beds
2
Baths
1,560
Sq Ft
$908/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Wood Flooring
- Quartz Countertops
- Lowell Elementary School Rated A-
- Spanish Architecture
- No HOA
About This Home
As of September 2023Welcome to 256 & 256.5 Prospect Ave. This lovely side by side duplex is in the heart of Belmont Heights located minutes from Belmont Shore, Belmont Pier, and the Pacific Ocean. Each unit has 1 bedroom and 1 bath with 780 sqft of living space. 256 is recognized as the owner’s unit renovated and updated with the following features: hardwood floors throughout, recessed lighting, newer kitchen cabinets along with Stainless Steel appliances with new fixtures, quartz countertops & backsplash tile floors from the kitchen through to the main bath, closet built-ins, nicely designed bathroom with tub shower combination, freshly painted interior and I can’t forget to mention the old school murphy bed still exists in the living room. The lot measures over 6,300 sqft offering a very open and spacious backyard, could be the perfect opportunity to add (2) two car garages off the alley with a 2 bed/2 bath home above the garages (buyer should verify with the city). The extended and gated driveway offers plenty of off-street parking. The exterior of the property has been freshly painted, new landscaping and sprinkler system. Need storage? The home also has a 150 sqft basement/cellar. Unit 256.5 has been a rental unit for many years, the tenant currently pays $1600 per month. The units are separately metered for electricity and gas. Other features of this property include newer HVAC systems for both units, copper supply lines, and newer water heater. With its excellent condition and great location in a strong coastal rental market, this offering is an outstanding turnkey opportunity with the possibility to expand and create your own environment.
Last Agent to Sell the Property
Coldwell Banker Realty License #01402317 Listed on: 07/27/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 6,344 Sq Ft Lot
- 1 Common Wall
- West Facing Home
- Wood Fence
- Landscaped
- Sprinklers on Timer
- Back Yard
Home Design
- Duplex
- Spanish Architecture
- Entry on the 1st floor
- Turnkey
- Flat Roof Shape
- Raised Foundation
- Stucco
Interior Spaces
- 1,560 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Built-In Features
- Crown Molding
- Recessed Lighting
- Plantation Shutters
- Wood Frame Window
- Basement
Kitchen
- Gas Oven
- Gas Range
- Microwave
- Dishwasher
- Quartz Countertops
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Laundry
- Laundry in unit
- Stacked Washer and Dryer
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Parking Available
- Auto Driveway Gate
- Driveway
Outdoor Features
- Shed
- Rain Gutters
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, insurance, sewer, telephone, trash collection
- Legal Lot and Block 9 / 3
- Tax Tract Number 7250
- Assessor Parcel Number 7250006009
- $473 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Units
- Belmont Heights Subdivision
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $780
- Insurance Expense $660
- Water Sewer Expense $480
- Operating Expense $1,920
- Gross Income $19,200
- Net Operating Income $17,280
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 27, 2023
Closed on
Aug 8, 2023
Sold by
Bought by
Seller's Agent
Ross Gagnon
Coldwell Banker Realty
Buyer's Agent
Kelly Hurst
Seven Gables Real Estate
List Price
$1,145,900
Sold Price
$1,280,000
Premium/Discount to List
$134,100
11.7%
Views
27
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,076
Avg. Annual Appreciation
3.58%
Original Mortgage
$800,000
Interest Rate
0.0681%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 13, 2020
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$805,000
Interest Rate
0.03%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 12, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
0.0438%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 28, 2006
Sold by
Bought by
Purchase Details
Closed on
Nov 10, 1998
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,280,000 | Ticor Title Company | ||
| -- | First American Title Ins Co | ||
| -- | First American Title Ins Co | ||
| -- | None Available | ||
| $222,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $798,000 | ||
| Closed | $800,000 | ||
| Previous Owner | $805,000 | ||
| Previous Owner | $500,000 | ||
| Previous Owner | $450,000 | ||
| Previous Owner | $75,000 | ||
| Previous Owner | $300,000 | ||
| Previous Owner | $300,000 | ||
| Previous Owner | $103,000 | ||
| Previous Owner | $51,691 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/06/2023 09/06/23 | Sold | $1,280,000 | +11.7% | $821 / Sq Ft |
| 08/04/2023 08/04/23 | Pending | -- | -- | -- |
| 07/27/2023 07/27/23 | For Sale | $1,145,900 | -- | $735 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $16,975 | $1,305,600 | $846,600 | $459,000 |
| 2024 | $16,371 | $1,280,000 | $830,000 | $450,000 |
| 2023 | $4,858 | $358,388 | $242,161 | $116,227 |
| 2022 | $4,568 | $351,362 | $237,413 | $113,949 |
| 2021 | $4,470 | $344,473 | $232,758 | $111,715 |
| 2020 | $4,457 | $340,942 | $230,372 | $110,570 |
| 2019 | $4,405 | $334,257 | $225,855 | $108,402 |
| 2018 | $4,213 | $327,704 | $221,427 | $106,277 |
| 2016 | $3,872 | $314,981 | $212,830 | $102,151 |
| 2015 | $3,719 | $310,251 | $209,634 | $100,617 |
| 2014 | $3,700 | $304,175 | $205,528 | $98,647 |
Source: Public Records
Agents Affiliated with this Home
-
Ross Gagnon
-
Kelly Hurst
Buyer's Agent in 2023
Kelly Hurst
Seven Gables Real Estate
(714) 377-2007
1 in this area
65 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23138630
APN: 7250-006-009
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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